Spillovers of Innovation Activities and Their Profitability

Dirk Czarnitzki and Kornelius Kraft

No 07-073, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company possibly benefits from incoming information on successful R&D conducted by other companies, a generally high probability of leakage of knowledge in an industry will negatively affect profitability. This paper presents the results of an empirical study on the effects of outgoing and incoming spillovers on firms? profitability. It turns out that the expected asymmetry is actually at work. In contrast to spillovers from competitors, spillovers from suppliers, customers and research institutions exert no effect.

Keywords: Innovation; Spillover; Profitability (search for similar items in EconPapers)
JEL-codes: L12 O31 O32 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-com, nep-ind, nep-ino, nep-mic, nep-tid and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Spillovers of innovation activities and their profitability (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:6893

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